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-   -   Question about spouse CC applications (https://www.flyertalk.com/forum/credit-card-programs/1313522-question-about-spouse-cc-applications.html)

DirkAngle Feb 12, 2012 10:33 pm
Question about spouse CC applications
 
Hi folks - apologies for the newbie questions..

I'm looking at having my wife apply for a few offers. Her credit score is 760. She has a long credit history (all good), however currently a stay-at-home-mom with some minor part-time paid volunteer work.

1. Is she likely to get approved in this situation?

2. I got a Chase Sapphire Preferred on 1/19/2012, and got her an "Additional" card. We're looking at her applying for the Chase BA card. If she does apply, will the 90 day rule apply since she was added as an additional card holder?

Thanks in advance!

mia Feb 13, 2012 7:16 am
Originally Posted by DirkAngle (Post 18004088)
will the 90 day rule apply since she was added as an additional card holder?
No, holding an additional card on an account is irrelevant.

muirhejsff Feb 13, 2012 7:53 am
I'm in the same situation-- just signed my wife up on Saturday.

One of the questions I did a bit of research on was how to state "Total Annual Income" in the application given the situation. From looking around in FT & other forums, the undertone of this question seemed to be focused around "Total Annual [Household] Income". Since my wife is a stay-at-home mom, her personal income is 0, but our overall household income is much greater. We put the total household income in for her app, and it was approved (still stating her as a HomeMaker for occupation).

- John

DirkAngle Feb 13, 2012 9:36 am
Thanks mia & John...that's very helpful!

civico Feb 13, 2012 9:04 pm
Originally Posted by DirkAngle (Post 18004088)
Hi folks - apologies for the newbie questions..

I'm looking at having my wife apply for a few offers. Her credit score is 760. She has a long credit history (all good), however currently a stay-at-home-mom with some minor part-time paid volunteer work.

1. Is she likely to get approved in this situation?

2. I got a Chase Sapphire Preferred on 1/19/2012, and got her an "Additional" card. We're looking at her applying for the Chase BA card. If she does apply, will the 90 day rule apply since she was added as an additional card holder?

Thanks in advance!
1. You should list your total annual income, and assuming you make enough, it should be fine. It doesn't usually matter if you make the money or if she does. Can't guarantee it, but she should be fine.

2. The additional cardholder thing shouldn't matter at all, since it is your account.

good luck!

blase Feb 13, 2012 10:21 pm
I am currently unemployed and have been for the past 2 years (have had a few odd jobs and volunteer work but only a sporadic income) and always list our household income. I have had no issues getting any credit cards in the past 2 years and have been able to take advantage of all of the good bonus offers. In fact my husband and I typically sign up for our own cards at the same time, when we see a good bonus offer (or we'll each do an app-o-rama on the same day).

AggieTraveler Feb 14, 2012 10:56 am
Actually, effective Oct. 1, 2011, you're now required to give individual income, not household. The exception is if you live in a community property state (Texas, California, etc).

The Federal Reserve's rule told credit card companies that they no longer can consider household income when assessing the creditworthiness of an individual who applies for his or her own card. Under the rule, only an individual's own salary or other income -- rather than combined household income -- can be considered.
Link

(Thanks to CVG_Kid to enlightening me recently.)


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